Hyatt shuts its hotel in Mumbai on fund crunch

Hyatt is an American hospitality business that manages and franchises hotels. It is handling the Mumbai assets on a agreement foundation on behalf of Asian Lodges (West).

Hospitality business veteran and former president of the Federation of Hotel & Cafe Associations of India (FHRAI), Sushil Kumar Gupta is the chairman and taking care of director of Asian Accommodations (West).

The resort, situated around Mumbai’s worldwide airport, explained it will not acknowledge reservations by way of Hyatt booking channels and will continue to be briefly unavailable. Hyatt Regency Mumbai caters to corporate visitors, teams from both equally company as properly from social, conference and leisure current market segments partners with person friends.

“As a end result of no funds forthcoming from Asian Motels (West) Ltd, the owner of Hyatt Regency Mumbai, to sustain the functions of the lodge, a final decision has been taken to briefly suspend all functions for Hyatt Regency Mumbai. The hotel will remain shut right up until more recognize,” claimed Sunjae Sharma, vice president and region head – India, Hyatt Regency wrote to its on-roll workforce.

Sharma reported that Hyatt is operating closely with the hotel’s owner to take care of this circumstance.